Saudi Pipeline Targets 50% Capacity in Days as Brent Holds Near $102
Saudi Arabia is re-plumbing its crude export logistics after the September 11 drone strike on the East-West pipeline, targeting 50% capacity within days while shifting barrels to ship-to-ship transfers outside the Strait of Hormuz. Brent near $102 and WTI below $100 signal easing supply fears, but the Houthi advance on Bab el-Mandeb keeps chokepoint risk live for procurement and freight planning.